Highlights: Foreign loan defaulters now barred from local borrowing Central bank’s CIB to include foreign loan defaults Move aims to curb external credit risk, defaults Experts praise decision as “good step.” Currency depreciation makes foreign loan repayment harder Committee prioritizes restructuring due to dollar crisis Private companies that default on foreign loans will now appear
Kelly Loeffler’s Small Business Administration is forcing some small businesses to choose between valued immigrant employees and access to funding. (Photo by Kevin Dietsch/Getty Images) Getty Images The Small Business Administration (SBA) put new rules into effect on June 1 for getting government-backed small business loans. But one part of the new rules has gone
If you have less than two years’ history of operating your business, lenders will typically classify you as a startup. Because they know that startups have a high failure rate, it can be difficult to get approved for a loan. To help increase your chances of getting funding, I’ve researched dozens of lenders and selected
Best Personal Loan Rates Of 2025 BEST LOW-RATE LOAN FOR CO-SIGNED LOANS Upgrade Editor’s Take Upgrade is an online lender that offers personal loans and other financial products to borrowers with bad credit. Why We Like It Upgrade lets prospective borrowers apply with a co-applicant, making it easier to qualify for its lowest advertised interest
FCMB Group Plc has moved to reassure investors following a new Central Bank of Nigeria (CBN) directive that suspends dividend payments and tightens oversight for banks with outstanding forbearance-related loans or breaches of the Single Obligor Limit (SOL). In a statement released Monday, the bank disclosed that it had cut its forbearance-linked loan exposure by
The median down payment has hovered around 15% since the COVID-19 pandemic, up from 10% in preceding years. Down payments last declined in the summer of 2023, driven by falling home sale prices. While home prices are increasing today — rising 1.4% year over year in April — home-price growth has slowed and is contributing
With student loan payments now fully resumed, millions of Americans are wondering whether their debt could block them from buying a home. The short answer? Not necessarily—but it will impact how much you can borrow, how lenders view you, and what kind of loan you can get. Here’s what today’s borrowers need to understand before
Financing is important to businesses planning for expansion, handling cash flow challenges, or investing in new opportunities. Many business owners often opt for external financing at different stages of their business. A business loan is a preferred financial product that tends to provide necessary funding when internal funds are unavailable. Business loan products are typically
Education affordability advocates are concerned about changes to student loan and grant programs in the federal budget bill. The version of the spending plan that passed the U.S. House last month would have created borrowing limits for federal student loans, penalized schools for students’ unpaid loans and cut Pell Grant eligibility, among other changes. Pell
Moving abroad doesn’t erase or suspend your student loan debt. Borrowers are still legally responsible for making their monthly payments, but they also don’t lose access to repayment assistance programs and other resources. One option they can take advantage of is the foreign earned income exclusion (FEIE), which is only available for United States expats.